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Daily Archives: 2015-04-29

MAS takes civil penalty action against two for insider trading

Singapore, 29 April 2015 - The Monetary Authority of Singapore (MAS) has imposed civil penalties on Mr Lim Oon Cheng and his niece, Ms Lim Huey Yih, for contraventions under the Securities and Futures Act (SFA). Both Mr Lim and Ms Lim have admitted to committing insider trading. Mr Lim has also admitted to false trading. Between 15 and 22 May 2009, Mr Lim purchased …

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Decline in tiger parts trade in Singapore: ACRES

There has been a "significant decline" in the sale of tiger parts in Singapore's jewellery and antique shops, according to a two-month undercover investigation by animal welfare group ACRES. Conducted between March and April 2015, ACRES's Animal Crime Investigation Unit found only 4 out of 153 (2.6%) jewellery and antique shops in Singapore offering alleged tiger teeth and claws for sale, …

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Easier access to simpler funds for retail investors

Singapore, 29 April 2015 - From today, retail investors can expect easier access to a wider range of investment funds, including exchange-traded funds (ETFs). This enhancement is part of the Monetary Authority of Singapore’s (MAS) broader effort to expand the range of simple, low-cost investment options available to retail investors. Previously, all investment funds which used derivatives were classified as Specified Investment Products (SIPs). SIPs are more …

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May Day Message for Ministry of Manpower

By Masked Crusader I was hoping to move on from labour issues and blog about other things. I was starting to sound like a broken record even to myself. Then, something happened. Minister Lim Swee Say, parliament jester and Secretary-General of the National Trades Union Congress, gave his May Day speech. In his speech, Lim paints a haunting future for …

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The 4 “Insteads” in out-going labour chief Lim Swee Say’s May Day message

In his May Day message, out-going secretary-general for the National Trade Union Congress Lim Swee Say outlined how Singapore's economy and workforce has progressed in the past 50 years. Highlighting the "extraordinary determination of our Pioneer Generation leaders and workers", Mr Lim, who is also Cabinet Minister in the Prime Minister's Office and relinquishing his NTUC appointment to in-coming Minister Chan Chun …

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Indonesia – eight executed for drug offences, one spared

Indonesia is believed to have executed eight drug traffickers and spared one today, according to international media reports. The Indonesian government has not confirmed the executions, usually done by firing squad, but Indonesian media has cited official unidentified sources. Those executed include two Australians - Muyuran Sukumaran and Andrew Chan; four Nigerians - Martin Anderson, Jamiu Owolabi Abashin, Syvester Obiekwe Nwolise …

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